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With plants currently located in Denmark, Germany, India and Italy, Vestas
installed 2,294 MW of capacity in 2001, more than 30 percent of worldwide
installations, according to the company's annual report. The company
employes more than 5,400 people.
Vestas Looks to US for Plant
COPENHAGEN, Denmark 2002-03-18 [SolarAccess.com] With substantial orders
from the United States market expected, Vestas Wind Systems said this week
that it would soon build a wind turbine manufacturing plant in that
country.
A company official said because of sales expectations, a facility is
planned soon, while final plans are still being worked out. Vestas has
earmarked 1.8 - 1.9 billion crowns (US$220 million) for investments in
2002, of which much will be spent in the United States, according to the
company.
With plants currently located in Denmark, Germany, India and Italy, Vestas
installed 2,294 MW of capacity in 2001, more than 30 percent of worldwide
installations, according to the company's annual report. The company
employes more than 5,400 people.
With the recent extension of the Production Tax Credit, orders to Vestas
are expected soon. President George W. Bush signed the PTC as part of a
larger economic stimulus package over the weekend reviving the stalled
American wind industry.
On Wednesday Vestas upgraded its sales forecasts for 2002 and 2003, notably
due to a favorable outlook for wind power installations in the U.S., to 14
billion and 16 billion crowns, respectively, from 10.5 and 14 billion
crowns.
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